Update news rice export
VietNamNet Bridge - Vietnam had a prosperous rice export year in 2018, but has been warned of a tough year in 2019.
VietNamNet Bridge - Chinese import management agencies are planning to tighten control over rice imports early next year.
VietNamNet Bridge - Decree 107, which replaces another decree on rice export management, is feared to lead to unhealthy competition and lower Vietnam’s export prices.
VietNamNet Bridge - While Vietnamese enterprises gather strength to make products for export, Thai goods have been conquering the domestic market.
VietNamNet Bridge - Many Vietnamese businesses have been reportedly tricked by foreign partners from Morocco, Canada, New Zealand and the US recently.
VietNamNet Bridge - The news that Vietnamese exporters are enhancing rice sales to China has raised big concerns.
The current conditions are all favorable for Vietnam to export rice: global demand is high while export prices are on the rise. However, the unstable domestic rice market still concerns exporters.
VietNamNet Bridge - Vinafood 1 and Vinafood 2 want to be exclusive bidders for government-to-government (G2G) rice export contracts, but analysts warn of the dangers of a monopoly.
VietNamNet Bridge - Vietnam’s rice production is meeting difficulties because of two bottlenecks at the ends of the production chain, leading to a decline in market share.
VietNamNet Bridge - The rice price in the Mekong Delta has increased in the last couple of weeks, which has resulted in higher export prices.
Vietnam, the second largest rice exporter in the world, is facing big challenges. The income of farmers has dropped by seven times in the last 10 years, while exports face barriers set by import countries.
Falling demand and overseas competition are expected to bite into Vietnam's rice exports.
VietNamNet Bridge - Decree 109 dated in 2010, described as a significant barrier to rice exports, will be amended by the Ministry of Industry and Trade (MOIT).
VietNamNet Bridge - Rice exporters complain they have to satisfy many requirements and pay under-the-table money to obtain a license to export rice.